gee (plural gees) 1  The name of the Latin-script letter G/g. ( 2 slang) Abbreviation of grand; a thousand dollars. ten gees. ( 3 physics) Abbreviation of gravity; the unit of acceleration equal to that exerted by gravity at the earth's surface. ( US, slang) A guy.
Founded in 1963, it grew to be the second-largest long-distance provider in the U.S. It was purchased by WorldCom in 1998 and became MCI WorldCom, with the name afterwards being shortened to WorldCom in 2000. WorldCom's financial scandals and bankruptcy led that company to change its name in 2003 to MCI Inc. The MCI name disappeared in January 2006 after the company was bought by Verizon.
Counting everyday expenses as capital investments boosts net income because expenses that are supposed to be counted in one quarter are spread out over years. WorldCom originally reported net income of $1.4 billion in 2001 and $172 million in the first quarter of 2002. Now the company says it lost money the whole time.